Solv Protocol BTC+ Contract on BNB Chain Compromised Due to Deployer Key Leak

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On July 21, Solv Protocol reported on-chain news that its BTC+ contract on BNB Chain was compromised on July 13. The attacker stole the deployer key, upgraded the minting proxy, and minted unauthorized BTC+. The team responded swiftly, isolating the malicious contract and freezing all counterfeit tokens. All assets remain secure. BTC+ subscriptions and redemptions are currently paused and are expected to resume in two weeks. Security measures have been enhanced, keys have been rotated, and a full re-audit is underway. A BTC update and post-mortem report will follow.

BlockBeats report: On July 21, Solv Protocol announced on Twitter that its BTC+ contract on BNB Chain was attacked on July 13. Following an investigation, the attacker stole the deployer’s private key, upgraded the BTC+ minting proxy contract on BSC, and minted unauthorized BTC+ tokens. The team responded within three hours, isolated the malicious contract, and froze, destroyed, or isolated all unauthorized BTC+ tokens, with all underlying assets remaining secure.


As a precautionary measure, subscriptions and redemptions for BTC+ have been suspended and are expected to resume within two weeks. The team has already upgraded deployment security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit. A detailed post-incident analysis report will be released shortly.

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